Surging penetration of the chained pharma retail stores coupled with increasing amalgamation of value added services is driving the market for pharma retail in India

India Pharma Retail Market is largely fragmented with standalone stores comprising a major chunk of the overall market. Pharma retail Market in India has been growing at a moderate rate over the last five years on account of rising healthcare expenditure,continuous enlargement of product portfolio and escalating role of government in the healthcare sector. During 2015-20, India pharma retail market is anticipated to grow at an increased rate on account of robust expansion plans of the chained pharma retail players coupled with increasing health cognizance amidst the consumers.

Moreover, influx of private label brands is further anticipated to boost the overall pharma retail market in the coming years.

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